JJJ Corp. requires 100,000 units of convertible bonds to finance their expansion. Currently, JJJ Corp. does not have any long-term debt financing. It also expect its operating profit to increase by 14 percent after additional financing. JJJ Corp. decided to issue the convertible bonds at 7 percent with 20 years maturity. Its existing common shares are 25,000,000 units and priced at RM70. Bonds are convertible at 10 percent discount from the market price. At present, the EPS is RM3 and tax rate is 40 percent. Calculate the Conversion Ratio (CR)